Mortgage Calculator™

Mortgage Calculator™

By MH Riley Ltd

  • Category: Finance
  • Release Date: 2010-12-18
  • Current Version: 2.7
  • Adult Rating: 4+
  • File Size: 29.75 MB
  • Developer: MH Riley Ltd
  • Compatibility: Android, iOS 8.0
Score: 4.5
From 156 Ratings


*** SALE NOW ON - 50% off *** *** Featured in the Sunday Times App List 2012 *** *** Featured as 'What's Hot' by Apple *** 'Mortgage Calculator' has one aim - To SAVE YOU MONEY on your mortgage! If you're buying a house, looking to re-finance, or simply want to make the most of your existing mortgage, then this is the perfect app for you. Try out various 'What-If' scenarios and quickly see how extra payments can save you a whole lot of time and money. You can enter any number of Monthly, Yearly or One Off extra payments, at any period during the loan. Then watch the total loan length and cost go down. You may be surprised by just how much! Easily visualise your cost savings in the simple and interactive charts. Just slide your finger along to see the costs for each year. 5-Stars - "...beautiful, simple graphs which make tricky decisions a whole lot easier." 5-Stars - "...really helped me to compare the different mortgage deals" *** Highlights *** -------------------- Specially designed for the US market: √ See effect of regular or one off Extra Payments √ Variable Rates support √ Calculate the 'True Cost', by including Tax etc √ Takes into account PMI √ Try out various 'What-If' scenarios √ Email a PDF or HTML of the loan details √ Support for ARM 3/1, 5/1, 7/1 mortgages √ Charts allow easy visualisation of the costs √ Make an informed choice by comparing loans √ Backup & Restore via Dropbox √ Passcode protection √ Elegant, simple and powerful user interface *** Quick Calculators *** ----------------------------- Super quick calculators for instant answers: √ How much can you afford to borrow? √ Monthly Payments √ Money Saving Effect of Extra Payments √ Cost of Moving House *** Analyse & Compare *** --------------------------------- Visualise mortgage costs in simple, easy to understand charts: √ Store details of multiple mortgages √ Easily see the costs for each year with a slide of the finger √ Try out various 'What-If' scenarios √ Extra payments can 'Reduce Term' or 'Reduce Payments' √ Include Tax, Insurance, PMI in the payments √ Support for 'Repayment' or 'Interest Only' √ Monthly breakdown of costs (Amortization) √ Compare up to 4 mortgages side by side √ Support for ARM 'Initial Rates' e.g. 4% for 3 years *** Voted #1 Property App - *** --------------------------------------------------- "The strongest arrow in its quiver is the way it handles hypothetical situations, letting you analyze all manner of mortgage-related queries, such as how much you can afford to borrow, and a variety of other what-if scenarios..." Note that multiple currencies are supported!



  • Great for the money

    By ChiefShearer
    Easy to use. While you can add to your payment it doesn't allow for making a half payment twice a month. I think this knocks 7 years off of a 30 yr mortgage. I would like to see that added. But it is well worth the money.
  • Lo

    By Ajxc
    This is the best so far Can you add the other options Lo info in setting 2) other calculations option offer results are great but no email options Please add the email or txt options
  • Disappointing

    By ChanaBear
    Although I have set "Tax" to be a dollar amount - the Calculator continues to report it as a percentage. It is throwing the calculation off considerably. In my case, adding an additional $800.00 to the payment over a year's time. Also - there seems to be no place that you can view changes to the monthly payment dynamically as you change inputs. You have to enter everything and then rotate the device for the table - but where is the monthly payment??? Additionally- the Send button is grated-out so trying to send Feedback - which is what this review was intended for initially- is impossible. Really bad, guys. Really bad.
  • Very nice for comparing differences in rates and extra payments

    By Lemcr2000
    Been trying lots of apps that just don't quite put everything together. This one allows you to put in taxes, insurance, PMI, extra payments and present the data in an easy to visualize format. One suggestion. Allow duplication of a saved scenario, then allow edits. Unless I missed something, I had to re-enter tax, insurance and PMI for each new payoff scenario that I created.
  • Amazing app

    By AntFarm90
    I can't say enough good things about this app. It allows me to enter all my one time additional payments and my monthly over payments that have changed over time. I setup different payment scenarios and was able to overlay them on the same chart. This app is exactly was I was looking for.
  • Great App

    By Karaste
    Very easy to setup extremely helpful
  • Great app

    By Sorogi m
    User friendly, great help to make big decision.
  • Branding Upgrade $39.99?

    By HondaRepsolMan
    Great app, but the branding in-app purchase is overpriced. Before the bug fix for the branding inability to purchase the upgrade price was reasonable; however now that the upgrade is working the price point sky rocketed. Once the price is back to reasonable, I will return to give the app 5 Stars.
  • Really helpful

    By Butterwaffle
    This app is great because it lets you see the effect of extra payments and factor in costs like insurance and property tax!
  • bad

    By Raul de la buck
    will not let you put in payment to determine loan term